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We just lived through this 15 years ago, and that’s not what happened at the time in a situation where many, many more banks were exposed to significantly highe
by jonhohle 4y ago
We just lived through this 15 years ago, and that’s not what happened at the time in a situation where many, many more banks were exposed to significantly higher risk.
SVB had a short-term liquidity crisis, followed by botching a funding round to solve the crisis (along with some internal issues). They were a relatively small bank whose assets likely would have been gifted to another bank in exchange for covering the liabilities.